Today, I want to look at some of the other dividend growth stocks reading for book value or less that might make sense for patient investors. When I run the screen, there are a lot of energy stocks on the list, but I am not sure most of those can keep paying, much less raise the dividend for the next few years. Since we are looking for reasonably safe dividend growth stocks for income-oriented investors, I think it will be best to dodge the energy names for now.
I like Aircastle (AYR) now. This company acquires, leases, manages and sells commercial jet aircraft. California First National Bancorp (CFNB) takes deposits over the phone and Internet, but it's really more of a leasing company in disguise. Two giant insurance companies make the list. Although low interest rates are making the life insurance business a lot tougher than years past, Prudential Financial (PRU) is still doing fairly well. MetLife (MET) makes the grade as a dividend growth candidate as well. The insurance giant offers similar product lines as Prudential but also sells property and casualty insurance on both an individual and voluntary group basis.